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2005 (2) TMI 290 - AT - CustomsExtract: .......d. (b) Penalty on the importing firm is reduced to Rs. 2 lakhs. (Rupees two lakhs only) (c) Penalty on the partner of the importing firm is reduced to Rs. 50,000/- (Rupees fifty thousand only) (d) Penalty on CHA firm is reduced to Rs. 50,000/- (Rupees fifty thousand only) (e) Penalties on the partner and the employees of the CHA firm are set aside.
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